Goog Weekly 7/28/13

Looking at this chart. Google has been going up, with 4 peaks in the past 12 months (pink circles). Each peak is higher than the previous. However, the volume has died off quite a bit since the 2nd peak (red arrows), suggesting exhaustion of buyers. In addition, there is divergence on MACD histogram and RSI . These are suggestive of bearish trend ahead. Something we need to keep an eye on.